Study places Manchester among world's best investment locations

Manchester is one of the top cities in the world to invest in, according to a study conducted by financial and professional services firm Jones Lang LaSalle.

The report found that, relative to its size and economic performance, the city is ranked ahead of some of the planet's most popular destinations - including Paris, Beijing and Milan - when it comes to the prospects it offers investors.

Coming in an impressive 15th and sitting neatly in the top 20 destinations for real estate investment in the world, Manchester looks to be in a promising position as investors continue to be drawn by its growing appeal.

Rosemary Feenan, director at Jones Lang LaSalle's global research team, commented: "Manchester's future will be dictated more by what it does to compete with other international cities such as Lyon, Boston or Vancouver, rather than other UK cities.

"Trade alliances and the opportunities for its businesses in both emerging economies and established global economic superpowers like China will be vital to attracting future investment."

With developments such as the BBC's Media City and the increasing popularity of areas around Salford Quays, Manchester could be set for further growth in the future.

What's more, when relative figures are disregarded and the study considers the total volume of investment overall, the city still makes it into the world's top 50 - coming in 46th - meaning it is the only UK destination bar London to be included in the list.

As the north-west continues to offer investors impressive yields and plenty of opportunities to take advantage of the buy-to-let sector, it seems that the trend is showing little sign of tailing off in the coming months.

But if people are drawn to Manchester as they look to expand their portfolios, it's vital that they remember the importance of landlord insurance in order to guard against the risk of unexpected costs.